Firms & Funds Favorite: Waters Corporation (NYSE:WAT)

Based on the lastest quarterly filings, institutions continue to be large stakeholders in Waters Corporation (NYSE:WAT).  The big banks are holding 96.70% of the shares while company insiders are clinging to 2.90%.  Shares of Waters Corporation are currently valued at $198.21 with a furture target price of $197.17 according to research brokerages.  

Waters Corporation (NYSE:WAT)’s stock has been a favorite of “smart money” aka institutions, as of late.  Institutions are currently holders of 96.70% of the shares.  On the other hand, company insiders are holding 2.90%.  Waters Corporation’s stock price currently sits at $198.21.

Let’s take a look at how the stock has been performing recently.  Over the past twelve months, Waters Corporation (NYSE:WAT)’s stock was 47.49%.  Over the last week of the month, it was 2.59%, 10.01% over the last quarter, and  12.91% for the past six months. 

Over the past 50 days, Waters Corporation stock was -0.81% off of the high and 11.62% removed from the low.  Their 52-Week High and Low are noted here.  -0.81% (High), 48.64%, (Low). 

Waters Corporation (NYSE:WAT)’s RSI (Relative Strength Index) is 62.56.  RSI is a technical indicator of price momentum, comparing the size of recent gains to the size of recent losses and establishes oversold and overbought positions.

Another important element to consider is the price target and recommendations from brokerage firm analysts.  On a consensus basis the Street sees the stock heading to 197.17 in the near term.  Based on a 1 to 5 integer scale, analysts have a 2.40 recommendation on the name.

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